Lansforsakringar Fondforvaltning AB publ Has $1.65 Million Stake in Spotify Technology $SPOT

Key Points

• Lansforsakringar Fondforvaltning AB publ has increased its stake in Spotify Technology by 111.8%, acquiring an additional 1,581 shares and bringing its total holdings to 2,995 shares valued at approximately $1.65 million.
• Other institutional investors have also significantly increased their positions in Spotify, with Goldman Sachs raising its stake by 1,151.0% and GAMMA Investing LLC boosting its holdings by 75,856.5%.
• Spotify's recent quarterly earnings showed a revenue of $4.94 billion, exceeding analysts' expectations, despite posting a loss of ($0.42) EPS that missed the consensus estimate by ($2.42).

Lansforsakringar Fondforvaltning AB publ raised its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 111.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,995 shares of the company's stock after purchasing an additional 1,581 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Spotify Technology were worth $1,647,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPOT. Mpwm Advisory Solutions LLC acquired a new stake in shares of Spotify Technology in the 4th quarter valued at $26,000. Tsfg LLC acquired a new stake in shares of Spotify Technology in the 1st quarter valued at $28,000. Copia Wealth Management acquired a new stake in shares of Spotify Technology in the 4th quarter valued at $29,000. Cornerstone Planning Group LLC increased its stake in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after buying an additional 41 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after buying an additional 19 shares during the period. Institutional investors own 84.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPOT. Guggenheim reissued a "buy" rating and issued a $850.00 target price on shares of Spotify Technology in a research note on Wednesday. Pivotal Research lifted their price objective on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Rosenblatt Securities decreased their price objective on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Finally, Morgan Stanley decreased their price objective on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $720.07.

Spotify Technology Stock Performance

NYSE SPOT traded up $6.74 during trading on Thursday, hitting $704.07. The stock had a trading volume of 1,336,855 shares, compared to its average volume of 2,247,258. The company has a market capitalization of $144.13 billion, a PE ratio of 170.89, a P/E/G ratio of 2.93 and a beta of 1.71. The company's 50-day moving average price is $698.53 and its two-hundred day moving average price is $644.75. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.